Analyst: Wouldn't be surprised if expectations for interest rate cuts approach zero
IDX INSIGHTS Chief Investment Officer Ben Mcmillan: Seeing this happen with the CPI, especially considering the strong performance of the energy market in recent months, is not very surprising. Last night Powell sent a "hold steady" signal and stocks were sold off quite heavily. I think Powell will reiterate today "not to hold too much hope for more than one rate cut this year". The market has already digested two rate cuts this year. If this number starts to approach zero, I won't be surprised.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"7 Siblings" accumulate over 15,000 more ETH, bringing total holdings to $464 million
The US Dollar Index (DXY) breaks above the 100 mark for the first time since August 1.
Trump urges New Yorkers to vote for Cuomo in the mayoral election
Today’s Fear and Greed Index drops to 21, shifting from Fear to Extreme Fear.